If a store uses a selling price-based markup of 40%, and an item costs the store $300, what selling price would the store set for the item?

A) $335 B) $400 C) $435 D) $500

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If a store uses a selling price-based markup of 40%, and an item costs the store $300, what selling price would the store set for the item?

A) $335 B) $400 C) $435 D) $500

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Killian Barrera · Answer 1

The correct answer for the given problem above would be option D. $500. To explain why it is $500, since the item costs the store $300 and it uses a selling price-based markup of 40%, so it would be $300 / 0.6 which is equal to $500.

If a store uses a selling price-based markup of 40%, and an item costs the store $300, what selling price would the store set for the item?A) $335 B) $400 C) $435 D) $500

If a store uses a selling price-based markup of 40%, and an item costs the store $300, what selling price would the store set for the item?

A) $335 B) $400 C) $435 D) $500